I studied for about three weeks, including Pam Smith's course in Los Angeles. Luckilly, I passed. The test was much more obscure than the basics taught at the course. Lots of oddities....15 questions on CMO's, 18 on Limited Partnerships, etc... Study hard, but don't kill yourself. Be prepared for some of the offball stuff regarding lp's, cmo's, treasury strips, and know your bonds. (and I'm not talking Barry Bonds!)